Rep. Burchett: USMCA a win for free and fair trade, stimulates Tennessee economy
WASHINGTON – Today, Congressman Tim Burchett (TN-02) voted in favor of the United States-Mexico-Canada Agreement (USMCA.) The USMCA has been waiting for House approval for over a year and serves as a modernization of the North American Free Trade Agreement (NAFTA).
The USMCA is expected to generate $68 billion in new economic activity, increase American exports to Mexico and Canada, and create 176,000 new jobs. The trade agreement will also establish more transparent labor standards as well as release American companies from burdensome environmental regulations.
Rep. Burchett said he views the USMCA as having a tremendous economic impact on Tennessee small businesses, dairy producers, manufacturers and workers.
“USMCA is a win for the employers and workers who have been ripped off by the original NAFTA for years,” said Rep. Burchett. “Tennessee exports over $12 billion worth of goods to our neighbors to the north and south, and I only expect that number grow once USMCA goes into effect. This is a great day for the free market principles that allow our economy to thrive, and I am thankful the Trump Administration was able to negotiate this new agreement.”